Home › Vodafone agrees to sell 55% stake in Egypt unit to STC
 

Keywords :   


Vodafone agrees to sell 55% stake in Egypt unit to STC

2020-01-29 08:53:00| Telecompaper Headlines

(Telecompaper) Vodafone Group has agreed to sell its 55 percent stake in Saudi Telecom Company (STC) for USD 2.39 billion cash. This gives the mobile operator co-owned with Telecom Egypt an enterprise value of USD 4.35 billion and a multiple of 7.0x adjusted EBITDA for the year to September.� [ more ]

Tags: to sell unit egypt

Category:Telecommunications

Latest from this category

All news
»
03.04Three things to know about Trump's tariffs announcement
03.04Trump to charge tariffs of up to 50% on 'worst offenders' globally
02.04USDA announces agricultural trade promotion programs for 2025
02.04Fake meat and the free market
02.04Yellowstone bison again draw fire
02.04Trump announces tariffs on NI and Irish goods
02.04How might Trump's tariffs affect the UK and your money
02.04Carolina Nonwovens Announces Promotions
More »